Here’s a current official portrait of Jerome H. Powell, the 16th Chair of the U.S. Federal Reserve, who has held the position since February 5, 2018, and was sworn in for a second term in May 2022 .
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Who Is the Current Fed Chair?
Jerome H. Powell continues to serve as the Chair of the Federal Reserve Board, presiding over the Board of Governors and the Federal Open Market Committee .
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What’s Next? A New Candidate on the Horizon
President Trump has initiated a search for Powell’s successor, whose term concludes in May 2026. The search, managed by Treasury Secretary Scott Bessent, now includes an expanded list of around ten potential candidates .
Among the leading contenders are:
Kevin Hassett and Kevin Warsh, famously referred to as “the two Kevins,” both backed by Trump’s administration .
Additional names gaining traction include Christopher Waller, James Bullard, and Marc Sumerlin .
The process is still ongoing, with official appointments expected closer to or after Powell’s term ends .
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Summary at a Glance
Aspect Details
Current Fed Chair Jerome H. Powell (since Feb 2018, second term from May 2022)
Term Ends May 2026 (chair); could remain on the Board until 2028
Successor Search Active; led by Scott Bessent, includes “the two Kevins,” Bullard, Waller, others